Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · VA
Assumable Loan + Second
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$420,885$420,885$673,650
Remaining term (yrs)24.324.330.0
Secondary amount$0$252,765$0
Funding fee$2,104$2,104$0
Note rate2.660%2.660%7.400%
Blended rate2.660%4.570%7.640%
1st payment$1,954.63$1,954.63$4,664.22
2nd payment$0.00$1,632.44$0.00
Taxes / mo$482.33$482.33$482.33
Insurance / mo$216.67$216.67$216.67
MI / mo$0.00$0.00$134.73
HOA / mo$0.00$0.00$0.00
Total monthly$2,653.63$4,286.07$5,497.95
Cash to close$327,615$74,850$74,850